Sunday, July 29, 2018

The Sensex Outlook for the Week Starting 30-07-2018





It looks as if the Sensex is poised comfortably above 37000; for now. Caveat Emptor - Things are not always as they seem to be. 

37219/37060 are good levels to keep your SL's at, depending on your risk appetite. 

As long as the Sensex manages to close above these levels, the bulls need not be worried their longs.

On the upside, there is a whole lot of uncharted territory till 38013, so keep your seat belts fastened at all times and lookout for the SL levels as above.



Date 30-Jul-18
Index Sensex Nifty
S2 37,135 11,219
S1 37,219 11,245
Previous Close                               37,336.85 11,278.35
R1 37,353 11,285
R2 37,573 11,351
Fair Value 32,775 9,902





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